This is further to our intimation on the outcome of the meeting of the Board of Directors of the Company dated 12th August, 2023, where the raising of funds, through the issuance of equity shares of the Company (the 'Equity Shares') was approved by way of a rights issue for an amount not exceeding Rs. 25 (Twenty-five) crores , in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Companies Act, 2013\r\nand other applicable laws, as amended from time to time, at such price and on such terms and conditions as may be decided by the Board or a duly constituted committee of the Board in accordance with applicable laws, subject to receipt of necessary approvals, as may be required.\r\n